QUESTION 13 To overcome the limitations of HPR what kind of standardized measure is used as a default measure of ROI? a. Daily return b. Weekly return c. Monthly return d. Annualized return QUESTION 14 In dealing with the price data and returns data of an asset over time - i.e. historical data, what is an appropriate measure of AVG return? O Arithmetic AVG Geometric AVG Weighted AVG (WAVG) Simple AVG QUESTION 15 Under what circumstance is it appropriate to use geometric AVG? a. If the observed data is historical and there exists a compounding effect throughout the data over time. b. If the observed data is cross-sectional and there exists no compounding effect throughout the data over time. c. If the observed data is historical and there exists no compounding effect throughout the data over time. d. If the observed data is cross-sectional and there exists a compounding effect throughout the data over time